On Wednesday, Lpath, Inc. (NASDAQ:LPTN)’s shares declined -79.82% to $0.345.
Lpath, Inc. (LPTN) declared that its multicenter, Phase 2 “Nexus” clinical trial evaluating iSONEP™ in patients with wet age-related macular degeneration (wet AMD) did not meet its primary or key secondary endpoints. Wet AMD patients who had not responded adequately to existing anti-vascular endothelial growth factor (VEGF) therapies counting Lucentis®, Avastin® and Eylea® did not show any statistically noteworthy improvement in visual acuity when treated with iSONEP as an adjunctive or monotherapy.
Lpath, Inc., a biotechnology company, focuses on the discovery and development of lipidomic-based therapeutic antibodies to treat a range of human diseases in the United States.
EVINE Live Inc (NASDAQ:EVLV)’s shares dropped -35.17% to $3.65.
EVINE Live Inc (EVLV) declared results for its fiscal 2015 first quarter (Q1’15) ended May 2, 2015.
FY 2015 First Quarter Highlights
- Net sales of $158 million, a 1% decrease year over year.
- Fashion was fastest growing segment, sales up 18%. Jewelry posted sales growth of 8%, followed by Beauty with 7% sales growth. Watches declined 15% on less primetime air time allocation.
- Total active customers on a trailing 12 month basis were 1.4 million, a 2% enhance.
- Net shipped units of 2.2 million, a 17% enhance.
- Average purchase frequency rose to 4.1 units per customer, a 15% enhance.
- Mobile remains fastest growing platform with sales of $28 million, a 26% enhance.
EVINE Live Inc. operates as a digital commerce company in the United States. The company markets, sells, and distributes products to consumers through TV, online, mobile, and social media in the merchandise categories of home, beauty, health and fitness, fashion and accessories, jewelry and watches, and consumer electronics.
At the end of Wednesday’s trade, CNinsure Inc. (ADR) (NASDAQ:CISG)‘s shares dipped -21.57% to $8.62.
CNinsure Inc. (ADR) (CISG) declared its unaudited financial results for the first quarter ended March 31, 20151.
Financial Highlights for First Quarter of 2015
- Total net revenues: RMB579.5 million (US$93.5 million), representing an enhance of 24.3% from the corresponding period in 2014.
- Operating income: RMB0.9 million (US$0.1million), representing a decrease of 93.6% from the corresponding period in 2014.
- Non-GAAP operating income2: RMB25.0 million (US$4.0 million), representing an enhance of 24.3% from the corresponding period in 2014. Total expenses incurred by online and mobile initiatives were RMB24.1 million (US$3.9 million), representing an enhance of 249.8% from the corresponding period in 2014.
- Net income attributable to the Company’s shareholders: RMB33.0million (US$5.3 million), representing a decrease of 26.2% from the corresponding period in 2014.
- Adjusted EBITDA3was RMB25.6 million (US$4.1 million), representing a decrease of 33.7% from the corresponding period in 2014.
CNinsure Inc. distributes insurance products in the People’s Republic of China. It operates through three segments: Insurance Agency, Insurance Brokerage, and Claims Adjusting. The Insurance Agency segment comprise property and casualty insurance products, counting automobile, individual accident, travel, disability income, commercial property, and homeowner insurance products; and life insurance products that comprises of individual whole life, individual term life, individual endowment life, individual education annuity, universal, participating, individual health, and group life insurance products.
Etsy Inc (NASDAQ:ETSY), ended its Wednesday’s trading session with -18.10% loss, and closed at $17.20.
Etsy Inc (ETSY) declared financial results for its first quarter 2015, ended March 31, 2015.
First Quarter 2015 Operational Highlights
GMS was $531.9 million, up 28.2% contrast with the first quarter of 2014. Growth in GMS was driven by 25.8% year-over-year growth in active sellers and 36.5% year-over-year growth in active buyers. Mobile visits continued to grow faster than desktop visits and we made progress in narrowing the gap between mobile visits and mobile GMS as a result of improvements in our mobile app offerings for Etsy buyers. Percent mobile visits was 57.7%, up 750 bps contrast with 50.2% in the first quarter of 2014 and the percent mobile GMS was 41.4%, up 620 bps contrast with 35.2% in the first quarter of 2014.
Etsy, Inc. operates online and offline marketplaces to buy and sell handmade items, vintage goods, and craft supplies. Its platform connects sellers and buyers to sell or buy products for art, home and living, mobile accessories, jewelry, wedding, and others.
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